The market corrected for the third consecutive session on December 26, the expiry day of the month's futures & options contracts. A fall in technology, banks, FMCG, auto stocks and Reliance Industries pulled benchmark indices down.
The BSE Sensex ended 297.50 points lower at 41,163.76 while the Nifty 50 shed 88 points to close near the day's low at 12,126.50, forming a bearish candle on daily charts.
Experts expect the market to consolidate further in the coming session but believe there could be a sharp correction if the Nifty breaks the crucial support of 12,000.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Sell Indiabulls Housing Finance with a stop loss of Rs 302, target of Rs 287
Sell Larsen & Toubro with a stop loss of Rs 1290, target of Rs 1230
Sell Sun Pharma with a stop loss of Rs 426, target of Rs 410
Buy Bajaj Finance with a stop loss of Rs 4160, target of Rs 4240
Buy Interglobe Aviation with a stop loss of Rs 1300, target of Rs 1365
Mitesh Thakkar of miteshthakkar.com
Buy Bajaj Finance with a stop loss of Rs 4160 for target of Rs 4240
Buy Bharat Forge with a stop loss of Rs 483 for target of Rs 510
Sell CESC with a stop loss of Rs 741 for target of Rs 710
Buy Aurobindo Pharma with stop loss of Rs 450 for target of Rs 472
Prakash Gaba of prakashgaba.com
Buy Jubilant Foodworks with target at Rs 1620 and stop loss at Rs 1582
Buy SRF with target at Rs 3500 and stop loss at Rs 3380
Sell Just Dial with target at Rs 560 and stop loss at Rs 580
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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